Bet on ‘superhero’ CEOs like Mark Zuckerberg and Tim Cook at your own risk, warns Jim Kramer 2022-04-28 17:35:08

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Jim Kramer of CNBC on Thursday advised investors to trust big-name CEOs — especially those who head up the big companies that just announced quarterly earnings.

“You are betting against these superstar CEOs and CFOs at your own risk… [they] They don’t win every game, but in the long run they win a lot more than they lose, and counting them out is rarely a smart decision, “the”mad money‘ said the host.

He said, “Oftentimes the stock goes down because people who haven’t done their homework take it down for reasons that don’t make sense. Just because the stock goes down, that doesn’t mean the downturn is justified.”

Cramer singled out five well-known CEOs whose companies reported quarterly results recently, acknowledging that investors shouldn’t trust every reputable business leader.

“The complex world, people are prone to error, no executive is worthy of your blind faith,” he said.

Here are his thoughts on each company:

the alphabet

“This [chief financial officer] Ruth Porat. Titan. If she says a quarter is great and explains it, you’re not just dismissing it. …You drive out the clowns who sell stocks, said Kramer.

dead

“Facebook put billions aside to defeat TikTok; [CEO Mark] Zuckerberg only spent a fraction of that and he’s actually created something better. …this is the guy that the bears want to bet on? “You can’t be serious,” he said.

stronghold

“Ford is one of the cheapest stocks in the S&P 500,” Cramer said.

Microsoft

“Buying Microsoft on this foolish dip was … like stealing candy from an adult,” Kramer said.

apple

“A lot of people traded around Apple stock as usual because we heard bad things about supply problems, China, poor phones and slow services. These people are betting against [CEO] Tim Cook. …it’s Tim Cook, for heaven’s sake, said Kramer.

Disclosure: Cramer Charitable Fund owns shares in Alphabet, Apple, Ford, Meta, and Microsoft.

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